Word: compounded
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Dates: during 1970-1979
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Show of Force. Shortly before 8 o'clock, as fleecy pink clouds gave way to a dull sun, motors revved ominously within the prison compound. A motorcade of 15 Jeeps, paddy wagons, buses and police cars wheeled out and off into the traffic, headed for Hoyo de Manzanares. Near that town was a conveniently isolated artillery training facility in rolling, rocky hills. "Orson Welles has a house up here somewhere," remembered one of the reporters trailing the entourage. "It used to be a great place for making westerns." Guardia Civil lined the routes in pairs at intervals and also...
...monitor who was clad head to toe in maroon and gold hoisted me onto a Hyannis-bound charter. Could the bus company have misinterpreted its instructions? Perhaps its idea of The Game of the year between two Irish powers was a little touch football action at the Kennedy compound...
...rest of this year and through the first half of 1976. Prices in that time will probably rise at a 7% to 8% annual rate, a disturbingly rapid pace after so deep a recession as the U.S. suffered in 1973-74, but much better than the 15.4% compound annual rate of inflation the U.S. suffered in July. Unemployment, which fell from 9.2% in May to 8.4% in both July and August, will come down, but painfully slowly. It may well still be above 8% by year's end, and will decline only to 7.5% or a trifle less...
...cost of money is rising mainly because other prices are moving up smartly. Alarmed by the 1.2% jump in consumer prices in July, which translates into a compound annual rate of 15.4%, commercial banks and other lenders are protecting themselves against the possibility of continued double-digit inflation by charging more for their money-especially on some long-term loans. Rates on four-year Treasury bills are now two percentage points higher than three-month rates-an unusually wide spread that plainly signals an upsurge in inflationary expectations in the money markets...
Shocking new evidence arose last week that inflation has again become the nation's No. 1 economic worry. The consumer price index soared 1.2% in July, equal to a 15.4% compound annual rate. That was as bad as the worst month of inflationary 1974 and marked the second month in a row that the annual rate of price boosts has been in double figures. Food prices jumped a startling 1.7% in July, mainly because of hefty increases in meats, poultry and vegetables. Gasoline prices climbed even faster: 4.3%, or an average of 2.4? per gallon. The cost of fuel...